Real Estate Tips: History of the Housing Market During Recession

History has actually proven that a recession does not mean a housing crisis. Hearing the word “recession” can seem scary, especially for the housing market given what happened in 2008. Looking at historical context shows us that the there is typically a positive home price change in the past six recessions. Read more about this in the infographic below:

So, just a reminder:

• It’s important to understand history proves an economic slowdown does not equal a housing crisis.

• In 4 of the last 6 recessions, home prices actually appreciated. Home prices only fell twice – minimally in the early 90s and then by nearly 20% during the housing crash in 2008.

• If you have questions, connect with a real estate professional to discuss why today’s housing market is nothing like 2008.

Source: Keeping Current Matters